why the panic?, page-5

TG, you're claiming that they are making money. We just learned that they don't. Well, one could say they make their own money, but let's not go down this path. We haven't seen any new shares in a while. So while I agree with your optimistic view, we should keep in mind that there is still no proof whatsoever that they are actually making more money than they spend.

It will be very, very interesting to see what Lazard has to say about the best way forward. Somehow I believe this will involve some major changes well beyond our wildest imagination. I thought that maybe there would be some sort of partnership down the track with another major telecoms but then again that would support your claim that Telstra will come to the party at some stage. :-))

I hope we can both have a beer after this is all over and done with. It will be my shout if we see 3cents and your shout if we see anything above that. :-))

Take care and happy trading.